National Pension Service Buys 82,094 Shares of Huntington Bancshares Incorporated $HBAN

National Pension Service boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,576,163 shares of the bank’s stock after acquiring an additional 82,094 shares during the period. National Pension Service owned 0.18% of Huntington Bancshares worth $44,490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HBAN. MTM Investment Management LLC bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $25,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $31,000. Catalyst Capital Advisors LLC bought a new stake in shares of Huntington Bancshares during the 2nd quarter valued at about $30,000. First Horizon Corp acquired a new stake in Huntington Bancshares during the third quarter worth approximately $36,000. Finally, Root Financial Partners LLC acquired a new stake in Huntington Bancshares during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, insider Amit Dhingra sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total value of $185,000.00. Following the completion of the sale, the insider directly owned 155,634 shares of the company’s stock, valued at $2,879,229. This trade represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kendall A. Kowalski sold 2,481 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $17.80, for a total transaction of $44,161.80. Following the transaction, the insider owned 71,566 shares of the company’s stock, valued at $1,273,874.80. This represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 97,863 shares of company stock valued at $1,581,634 in the last three months. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $17.88 on Tuesday. The company has a market capitalization of $28.16 billion, a PE ratio of 12.86, a PEG ratio of 0.71 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $17.50 and its 200-day moving average price is $16.89. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.91.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter last year, the business posted $0.34 earnings per share. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a $0.155 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares’s dividend payout ratio is presently 44.60%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HBAN shares. Evercore ISI began coverage on Huntington Bancshares in a report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price target on the stock. Barclays upped their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Stephens raised their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, December 18th. Piper Sandler upped their target price on Huntington Bancshares from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.26.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.